I started reinvesting at $6180. My thoughts are that the $5900 was a double bottom chart and we will be back to $8000 by Sept 21 (ETF deadline) with an expected "sell on the news" pullback then depending on that outcome, either sub $10000 or over $20000 by Jan 1. ETF acceptance means little except it is a sign of future adoption by the big money.
What we need is bitcoin powered cellular service. Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)
-Isa
You write correctly that ETFs can change little in the price of bitcoin. This can only give a green light for the capitalization of bitcoin, and with it will be a wave of those who will see the stability in bitcoin. Indeed, we are now watching how the last time bitcoin costs$ 6000 now it will cost more.